NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates
PYMNTS survey of 4,006 U.S. consumers for the latest “New Reality Check: The Paycheck-To-Paycheck Report,”
a collaboration with LendingClub, found that 46% of respondents faced an emergency expense in the last 90 days that averaged approximately $1,400, a sum that far exceeds the Fed’s oft-cited $400 benchmark for these unplanned and disruptive costs.
